10 May 2019

AngloGold Ashanti may draw the curtain on SA

The group says its remaining SA mine, Mponeng, requires further investment which could earn better returns elsewhere.

Sappi sinks on soggy paper demand

The paper and pulp producer says full-year earnings are likely to be lower due to pricing pressure and global economic uncertainty.

Earnings jump as Altron completes restructuring

The ICT and electronics group lifted full-year earnings by half as a number of its businesses won lucrative private and public-sector contracts.

US Market review May 2019

As I am struggling to find deep value Blue Chip shares in the overvalued US market to recommend, I am going to change the direction of...

Who’s doing what this week in the South African M&A space?

Weekly summary of M&A activity by South African companies

Who’s doing what in the African M&A space?

Weekly summary of all M&A activity from across Africa (excluding South Africa)

Mondi wraps up a strong first quarter

The paper and packaging group said it benefitted from acquisitions, higher selling prices and a strong operational performance.

MTN prepared for Nigerian listing

The network operator will list its Nigerian business this month after it received the approval of the country’s Securities and Exchange Commission.

Oceana reports a strong catch

The producer of Lucky Star pilchards benefited from increased sales of canned fish but footed a much higher tax bill.

Weekly corporate finance activity by SA exchange-listed companies

Weekly summary of corporate finance activity by South African exchange listed companies

Movers & Shakers - Virusha Subban

Virusha Subban has joined Baker McKenzie’s Africa Tax team as a partner and head of Indirect Tax

09 May 2019

Steinhoff lays bare the cost of fraud

The embattled retail group has finally released its 2017 accounts and says sales for the subsequent two years are likely to be worse.

Late Easter dampens AB InBev’s beer sales

The world’s biggest brewer says SA and Argentina reported weaker consumption in the first quarter as consumer spending remained under pressure.

DRDGold rallies on higher production numbers

The mine dump reprocesser benefitted from last year’s acquisition of Far West Gold Recoveries from Sibanye-Stillwater.

Engine deal fuels Vivo Energy

The fuel and lubricants group says March’s volumes were 13% higher after it added 230 Engen garages to its network.

Datatec flags a return to profit

The ICT group says it’s made good progress in reshaping its Westcon International business, while Logicalis and Analysys Mason have continued to do well.

Pierre De Vos: OPINIONISTA: A guide to what happens after the election results are announced

After weeks in which politicians have been swarming across South Africa to canvass for votes - often making promises they know they cannot keep - the...

BUSINESS MAVERICK: Markets don't care about elections. Or do they?

Like the election itself, South Africa's markets are in a quandary. The economy is in a poor state, but SA's stock markets are verging on record...

08 May 2019

Politics-proofing your portfolio

Ahead of the national and provincial elections, the stock market, foreign exchange market, and bond market are relatively calm; but markets can turn in a jiffy.

Arrowhead revises distribution guidance

Arrowhead Properties says a bigger-than-expected decline in subsidiary Indluplace's dividend this year will have a relatively small impact on its own distribution.

07 May 2019

Redefine certain about uncertainty

The real estate investment trust has increased its interim distribution by 4% and expects to maintain that if operating conditions don’t change.

Arrowhead revises distribution guidance

Arrowhead Properties says a bigger-than-expected decline in subsidiary Indluplace's dividend this year will have a relatively small impact on its own distribution.

GBK devours Famous Brands’ earnings

The quick-service restaurant group will report a full-year basic loss and lower headline earnings after impairing its investment in the burger chain.

Massmart CEO quits after 20 years

The supermarket group said the timing of Guy Hayward’s departure has yet to be confirmed but he plans to leave by year-end.

The Week Ahead of 5 May 2019

By virtually any gauge, the US economy is showing good sustained growth. US nonfarm payrolls for Apr which came out last Fri 3 May easily beat...

Mid Cap Darlings – Distell Group Holdings

They have taken care of all the generations at the best times of their lives. They have brought the young ones Autumn Harvest, 4th Street, and...

Wet weather dampens Wescoal production

The coal producer says above average rainfall in Mpumalanga has affected its opencast mining operations.

06 May 2019

Brait’s New Look completes debt restructuring

A series of transactions have trimmed Brait’s equity stake in the UK fashion chain to 18.5%.<

Investec Property Fund backs Australia listing

The fund says releasing some of its shares into this month’s listing will help it diversify its portfolio.

intu flags lower income as Roberts takes over

The property group’s new CEO says retail income will be up to 6% lower this year as more companies enter CVAs and tenants hold back.

Indluplace warns of weaker dividend

Continued vacancies at its Highveld View property and challenging trading conditions have forced the real estate investment trust to lower its guidance.

BUSINESS MAVERICK: The Shoprite/Wiese deal: Is there a plan B?

It's quite a standoff. The Shoprite board has recommended that its founder and chairman Christo Wiese should be paid R3.3bn for the high-voting shares that were...

Judith February: OPINIONISTA: Ignore the polls, vote on 8 May -- and wait

What is certain is that this election will be both important and unpredictable. Much will hinge on turnout. A high turnout will favour the ANC.

Efficient benefits from end of profit-share

After exercising its option to end a profit share agreement, 100% of profits now accrue to the financial services group.

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